Washington and Colorado to Remove Residency Requirements for Cannabis Investors
The Washington State Liquor and Cannabis Board this week introduced a rule that will allow investors from around the U.S. to help finance the state’s exploding legal marijuana industry. Oregon approved a similar practice last month, and Colorado is expected to follow suit, eliminating its two-year residency requirement for financiers. Though the change comes with risks of Big Marijuana or criminal cartels entering the markets, the states are moving quickly to attract more investors in expectation that California, with a [...]